Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Side Hustle Inc. employs a standard cost system in which direct materials inventory is carried at standard cost. Side Hustle has established the following standards

image text in transcribed
Side Hustle Inc. employs a standard cost system in which direct materials inventory is carried at standard cost. Side Hustle has established the following standards for the prime costs of one unit of product: Standard Standard Standard 9mm m M Direct Materials 6 kilograms $ 3.50ikilogram $21.00 Direct Labour 1.3 hours $11.00/h0ur 35% $M During March. Side Hustle purchased 165.000 kilograms of direct materials at a total cost of $585,750. The total factory wages for March were $400,000, 90 percent of which were for direct labour. Side Hustle manufactured 25,000 units of product during March, using 151,000 kilograms of direct materials and 32,000 direct labour hours

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Labor and Employment Law Text and Cases

Authors: David Twomey

15th edition

1133188281, 978-1133711841, 1133711847, 978-1285247632, 978-1133188285

Students also viewed these Accounting questions